Since 2012, many Title IV institutions of higher education have sent their students debt letters to inform them of their outstanding loan amounts, estimated or real monthly payments, and other loan-related information. However, no extant research has analyzed whether these letters are written at an appropriate level for college students, nor has…

Although student loan debt has been rigorously studied over the past several decades, scant research has investigated how institutions of higher education communicate debt to current and former student borrowers. As COVID-19 forced the United States Department of Education to cancel the Annual Student Loan Acknowledgement as part of a student's…

Summary: In spite of a large literature on the causal effects of financial aid, the impact of funding on college outcomes remains an area of ongoing research with important unanswered questions. Studying the impact of financial aid presents the ongoing challenge of how to identify causal effects, as aid receipt is rarely random and at least partly…

America's labor market presents a paradox. Although the unemployment rate is just 3.9%, there are more jobs open than people who can fill them. Nationwide, there are roughly 68 workers for every 100 open jobs. Many factors contribute to this workforce shortage, but one of the most significant is a growing skills gap -- millions of workers across…

After decades of making minor tweaks to the U.S. financial aid system, there is a need to develop truly novel approaches to paying for college. Until now, the goal of financial aid has been narrowly framed as providing young adults with enough money to pay for college while minimizing the short-term burden to taxpayers. Because of this narrow…

Income-share agreements (ISAs) are an emerging idea for helping students pay for college. Under an ISA, investors provide upfront sums of money toward students' college tuition and other associated costs in exchange for a fixed percentage of the recipients' earnings after graduation. This paper--the first in a series examining private financing in…

Next fall, students at Purdue University may have a new way to pay their tuition: income share agreements (ISAs). ISAs are an alternative form of higher education financing in which students pledge a fixed percentage of future earnings in exchange for money to pay for college. ISAs present a new challenge to the nation's colleges and universities,…

In spite of the well-paying, in-demand jobs that many STEM degrees can lead to, just 18 percent of the 1.9 million bachelor's degrees awarded in the U.S. in 2015-16 (the most recent data available) were in STEM subject areas.3 Given that about 5 percent of workers with a non-STEM undergraduate degree work in a STEM field, a large proportion of a…

This study used data from online focus groups collected from November 2014 to April 2015 to understand college students' decision-making processes when borrowing money to finance their education. Data were collected using an online course management system. Results suggest that (a) students relied heavily on advice from parents, guidance…

Education provides one of the best opportunities for American children to build the capacity to climb up the economic ladder. It has even been called the "great equalizer" in American society. In today's tightened labor market, providing equal access to postsecondary education is more critical than ever. The Georgetown Center on…

The Every Students Succeeds Act (ESSA) provided states with newfound flexibility on accountability measures and school improvement strategies. Many policy experts have analyzed states' ESSA plans, which explain how states use their federal funds under various provisions of the new law, as well as the approaches states take to identify and rate…

This report shares the perspectives and aspirations of 17 low-income and working-class students based on interviews the Institute for Higher Education Policy (IHEP) conducted over two semesters of their college journeys. The report identifies opportunities for policymakers and institutional leaders to support all students through completion,…

While Minnesota undergraduates are more likely to take out student loans, they are substantially less likely than their peers nationally to default on federal student loans. Fifty-four percent of Minnesota undergraduates took out student loans in 2007-2008, compared to 39 percent of undergraduates across the U.S. Minnesota undergraduates were also…

Our study adds to prior work on Indiana's Twenty-first Century Scholars(TFCS) program by focusing on whether participating in--rather than completing--the program affects the likelihood of students going to college and where they initially enrolled. We first employ binary and multinomial logistic regression to obtain estimates of the impact of the…

In the United States, approximately 65 percent of all jobs in 2020 will require some level of postsecondary education, and the demand will reach 68 percent in Iowa. This report seeks to inform public discourse on higher education by providing key performance indicators relevant to the goal of improving educational attainment for a healthy economy…